Popular cryptocurrency exchange Binance, the world’s largest by volume, is known for its constant efforts to expand globally by forging new partnerships while also adding to its arsenal of various investment products.
As a part of its global expansion, the company is now partnering with German investment firm CM-Equity AG, to expand its services for European and German customers.
CM-Equity is a fully compliant investment firm offering asset management and brokerage services for crypto assets and is licensed by the German Financial Supervisory Authority (BaFin).
With this partnership, Binance would able to provide its proprietary trading and brokerage services to customers in Europe and Germany in a fully compliant manner.
The integration would allow users to further trade crypto assets and other financial products by using CM-Equity’s services along with Binance’s state-of-the-art infrastructure and the highest security standards.
According to Binance CEO Changpeng Zhao, “By joining forces with CM-Equity, Binance will be able to broaden our services in Europe while ensuring compliance with local regulations.”
“We are looking forward to a long-term partnership with CM-Equity to grow the digital assets industry in a sustainable way and expand our offerings for European clients,” Zhao added.
CM-Equity CEO Michael Kott commented on the partnership:
“Binance offers the best trading experience in the market and we are thrilled to collaborate with the world’s number one. Our fully licensed digital assets platform will benefit from the best liquidity and frictionless service offered by Binance.”
Constant development for Binance
The news comes days after the exchange announced that it is launching its cryptocurrency-powered debit card in Europe in collaboration with cryptocurrency debit card provider Swipe.
Binance Card users will be able to recharge their card wallet directly from their wallets on Binance as well as choose the order of preference to debit their BTC, BNB, SXP, and BUSD assets.
Last month, the company announced that it would be setting foot in the UK, with trading launch expected to be deployed as early as September 2020.
The platform will also be regulated by the Financial Conduct Authority of UK and is being designed to allow the buying and selling of cryptocurrencies using local fiat currencies Pound and Euro.